Indonesia

Hangry, Indonesia’s largest multi-brand virtual restaurant, announced Wednesday that it has raised a total of $10.5 million in its Series A5 funding round, led by Alpha JWC Ventures.

Climate Impact Innovations Challenge, a competition launched by East Ventures and Temasek Foundation, has awarded Aslan Renewables, Arukah Capital, and SXD AI a total of Rp 10 billion ($603,537) in catalytic funding to pilot their solutions in Indonesia.

Indonesian e-wallet DANA and Chinese fintech firm Ant International, together with Indonesian national foundation Konservasi International, have on Friday unveiled the Ocean Buddy initiative, an interactive in-app mini program to raise awareness and drive long-term public participation in marine conservation among DANA's 200 million users in Indonesia.

Digital Edge (Singapore) Holdings Pte. Ltd., the Singapore-based data center platforms backed by global infrastructure investor Stonepeak, has announced the successful close of an IDR 5.5 trillion ($325 million) corporate facility from PT Bank Central Asia Tbk (BCA) for expansion in Indonesia.

Salesforce, the global firm in artificial intelligence (AI) customer relationship management (CRM), is strengthening its regional leadership in ASEAN with the appointment of new country leaders for Thailand and Indonesia.

Indonesia said it has suspended TikTok's registration status as an electronic system provider after it failed to hand over all data relating to the use of its live stream feature, though the social media app was still accessible to users on Friday.

Sriwijaya Capital, an Indonesia-based private equity firm, has signed a memorandum of understanding (MoU) with Abu Dhabi-based BlueFive Capital, to form a strategic alliance aimed at strengthening capital flow between the Gulf and Southeast Asia.

Indonesia's digital bank Yup has recently secured $32 million in their latest equity funding through its C-1 round, backed by US investment firms including Moore Strategic Ventures, Spice Expeditions and Platanus.

Export Development Canada (EDC), Canada’s export credit agency, and the Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, have signed a CAD$825 million ($592 million) Market Leader Partnership memorandum of understanding (MOU) to strengthen bilateral investment ties and promote sustainable economic development between the two……

Finnish telecommunications firm Nokia announced Thursday that Telekomunikasi Indonesia International (Telin) has selected Nokia’s optical transport solution to connect data centers in Singapore and enable the delivery of a highly available, reliable, and scalable island-wide network.